Technical Analysis
150 MA not available
50 MA 30 MA bearish.
MACD bearish.
RSI bearish.
Support point (1) 1.06 & Support Point (2) 1.01.
Resistance point (1) 1.13 & Resistance point (2) 1.20.
Fundamental analysis
Proven track record in housing development
Major project in London and Australia.
NTA RM 1.08
Advantage on RM weakening
Profit of their project might limited by downward housing price inward in Australia and London. However, it able to neutralize with Forex gain in RM/POUND/AUSTRALIA DOLLAR.
Strategic
Good to hold in long term.
Save zone to buy in on/below RM1.08 / RM1.06